Monday, August 24, 2020

Exp. incurred in foreign currency not related to rendering services outside India to be included in export turnover

INCOME TAX : In case of assessee, a SEZ, while computing deduction under section 10AA, expenses incurred in foreign currency not meant for rendering any services outside India, could not be excluded from 'export turnover'

from www.taxmann.com Latest Case Laws https://ift.tt/2Qjxl9F

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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